The Top Easy Access Savings Discussion Area

Nick_C

Perhaps discussions on BOEBR, Inflation, and where we think interest rates are going, deserve threads of their own!

Sg28

refluxer said:

patpalloon said:

Anyone think savings rates may have peaked? Worth going for a fix now?

Coincidentally, I was just reading this...

https://www.telegraph.co.uk/business/2023/07/25/ftse-100-markets-live-news-wheat-prices-russia-ukraine-port/

Interest rates to rise three more times this year, economists predict - latest updates

The Bank of England will raise interest rates three more times this year as inflation remains high, economists predict.

Borrowing will hit 5.75pc by the end of 2023, according to a Reuters poll, putting it at its costliest level since 2007.

Nearly 70pc of economists expect the Bank of England to raise interest rates by a quarter of a percentage point to 5.25pc at the next Monetary Policy Committee meeting on August 3.

Most participants in the wider survey predicted a quarter point rise in September, with a median peak rate forecast of 5.75pc.

But that is down from a predicted peak of 6.25% before the last inflation figures.

allegro120

patpalloon said:

Anyone think savings rates may have peaked? Worth going for a fix now?

I did on several occasions and went for it and was wrong every time I did it, good job I've committed very small proportion of my funds to fixed products.

subjecttocontract

9 months ago a 2.5% regular saver looked good, so did a 3% ISA......I wouldn't fix large sums or fix for long term. Any fixed accounts I do at the moment are less than 1 year.

taxmanpaul1

Any idea why DF Capitals 4.55% easy access savings account no longer appears on MSE as a recommendation?

RosieRooBear

taxmanpaul1 said:

Any idea why DF Capitals 4.55% easy access savings account no longer appears on MSE as a recommendation?

Because it’s NLA 

Malchester

taxmanpaul1 said:

Any idea why DF Capitals 4.55% easy access savings account no longer appears on MSE as a recommendation?

Note that best buy lists are not recommendations but a statement of fact which does not mean it is recommended 

cheesemason

Ford Money up to 4.5% from tomorrow. Source - Twitter

FindingBBob

cheesemason said:

Ford Money up to 4.5% from tomorrow. Source - Twitter

Every time I think of moving on from FM they keep upping the rate.. not much reason to move at that rate. 

Zaul22

The 'week before the base rate' increases have officially started.